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The Companies Act 1989 is the governing legislation for amendments made to UK company law concerning company accounts, fair trading, and investigation procedures. The legislation improves existing company law by introducing new measures concerning company auditor eligibility, registration of company charges and more.
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The Companies Act 1989 introduced a number of changes and amendments to several Acts of Parliament concerning UK company law, including the Companies Act 1985, the Company Securities Act 1985, the Financial Services Act 1986, the Fair Trading Act 1973, the Policyholders Protection Act 1975, and the Company Directors Disqualification Act 1986. Like the previous Companies Act 1985 this one was also designed to consolidate existing legislation and it incorporated some directives already found in the European Union.
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Here are a few ways this act amended and improved upon previous enactments:
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